Thursday, March 11th, 2010
The Church of England's two biggest investments, totalling in excess of £200 million, are in the oil companies Shell and BP. The Church also has a major investment in Exxon ...
The Church of England's two biggest investments, totalling in excess of £200 million, are in the oil companies Shell and BP. The Church also has a major investment in Exxon ...
Nigeria loses over two billion dollars to gas pipeline sabotage
Thursday, February 25th, 2010Nigeria lost more than two billion dollars in revenue last year to sabotage of gas pipelines in the restive Niger Delta, state-run Liquefied Natural Gas Company (NLNG) said on Wednesday. ...
Royal Dutch Shell 2010 Strategy Update
Thursday, February 25th, 2010On Tuesday, 16 March 2010 Royal Dutch Shell plc will give an update on Royal Dutch Shell Group Strategy. All related materials will be posted on www.shell.com/investor on 16 March ...
Shell Explains Divestment in 3 Oil Blocks
Thursday, February 11th, 2010Shell Restates commitment to Nigerian operations Oil giant Shell has said its recent divestment in the three oil blocks in the Niger Delta - Oil Mining Lease (OMLs) 4, ...
Shell may resort to additional job cuts
Monday, February 1st, 2010Royal Dutch Shell (Shell) said that it may resort to additional job cuts in case further restructuring is required to control operating costs. CEO Peter Voser said further restructuring may be ...
Shell and Cosan sign MOU to form joint venture in Brazil
Monday, February 1st, 2010Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) announced today they have signed a non-binding memorandum of understanding (MoU), with the intention to form a circa $12 billion ...
Iraq and Shell consortium sign the Majnoon Oilfield contract
Friday, January 22nd, 2010The Ministry of Oil of the Republic of Iraq, Royal Dutch Shell plc (“Shell”) and Petronas Carigali (“Petronas”) today signed a 20-year contract to provide technical assistance in the development ...
Ajumogobia: Shell, Chevron Oil Licences for Renewal Soon
Friday, January 22nd, 2010Minister of State for Petroleum Resources Odein Ajumogobia yesterday confirmed that his office is on the verge of renewing the oil licences jointly operated by the Nigerian National Petroleum Corporation ...
FG Opens Negotiation with IOCs
Tuesday, January 19th, 2010Lukman: Why we put deregulation on hold It emerged yesterday that top executives of some International Oil Companies (IOCs) have commenced discussion with the Federal Government over the renewal of their ...
Iraq and Shell consortium sign the Majnoon Oilfield contract
Monday, January 18th, 2010The Ministry of Oil of the Republic of Iraq, Royal Dutch Shell plc (“Shell”) and Petronas Carigali (“Petronas”) today signed a 20-year contract to provide technical assistance in the development ...
Nigeria, Oil Majors in Race to Seal Deals
Tuesday, November 24th, 2009International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...
China National Offshore Oil Corporation (CNOOC)’s effort to buyoff 23 prime blocks currently owned and operated by Shell, Chevron, Exxon Mobil and Total
Tuesday, November 3rd, 2009China National Offshore Oil Corporation (CNOOC), is said to be discussing with the Federal Government to acquire some oil blocks, which are presently belong to the multinational oil and gas companies. ...
Royal Dutch Shell plc will release its third quarter results
Friday, October 16th, 2009Advance notice of 3rd quarter 2009 results and interim dividend announcement At 07.00 GMT (08.00 CET and 03.00 EDT) on Thursday 29 October, 2009 Royal Dutch Shell plc will release ...
Nigeria’s crude oil output is hovering between 1.6 and 1.7 million barrels
Tuesday, October 13th, 2009US crude for November delivery rose $0.45 to $72.22 by 4am EDT. London Brent crude added $0.50 to $70.50. -------------------- Nigeria's crude oil output is hovering between 1.6 and 1.7 ...
Crude oil for November 2009 delivery rose as much as 64¢, or 0.9%, to $71.52 a barrel in electronic trading on the New York Mercantile Exchange
Wednesday, October 7th, 2009Concerns over the possibility of losing 16 prolific oil mining leases (OMLs) held for over 40 years by the international oil companies (IOCs) has led to intense lobbying and intrigues ...
Chinese seek $50b stake in Nigeria’s oil
Tuesday, September 29th, 2009A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest oil blocks in a deal that would eclipse Beijing's previous ...
Shell announces New accounting segmentation
Tuesday, September 29th, 2009Royal Dutch Shell plc (“Shell”) has implemented, as from 1 July, 2009, a series of changes to senior management roles and responsibilities. Accounting disclosure segmentation, as from the third quarter ...
Shell to sell Downstream assets in Greece
Thursday, September 24th, 2009- Separate agreement signed for the sales and marketing of lubricants Shell today agreed to sell its Downstream businesses in Greece to Motor Oil (Hellas) Corinth Refineries S.A. The deal, which ...
Oil News from around the web, US light sweet crude futures for October delivery traded at $68.24 a barrel,Brent crude on London’s ICE Futures exchange was down $0.68 at $67 a barrel
Monday, September 14th, 2009Crude oil futures fell as the US dollar strengthened slightly while worries over high oil product stocks and technical resistance weighed on the market, according to Dow Jones. ------------- "Regarding new business ...
Engen & KenolKobil To Jointly Acquire Shell and BP Zimbabwe JV
Sunday, September 13th, 2009Engen Petroleum Ltd, South Africa’s leading refined petroleum products company, and KenolKobil Ltd, the largest indigenous African petroleum marketing company in the East and Central African Region, have signed a ...
Royal Dutch Shell plc announces Board Committee changes
Friday, September 11th, 2009The Board of Royal Dutch Shell today announced that Mr Hans Wijers steps down from the Corporate and Social Responsibility Committee and joins the Remuneration Committee where he will succeed ...
Shell to increase low-sulphur fuel capability at Europe’s largest refinery
Thursday, August 27th, 2009Royal Dutch Shell plc today said it will build a new hydrodesulphurisation plant at its Pernis Refinery in the Netherlands. The plant, expected to come on stream in the second ...
Crude oil for September 2009 delivery traded at $71.19 a barrel on the New York Mercantile Exchange ;London Brent traded at $74.79 a barrel on London’s ICE Futures Europe exchange ;energy crunch that could cripple a global economic recovery ; Shell has hit gas in the Concerto-1 well
Sunday, August 9th, 2009The world is heading for a catastrophic energy crunch that could cripple a global economic recovery as key oil fields pass peak production, the International Energy Agency's (IEA) chief economist ...
Shell awards floating LNG contracts to Technip and Samsung
Tuesday, July 28th, 2009Shell Gas & Power Developments BV (Shell) today signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural ...
Oando acquires two rigs from Shell
Monday, July 27th, 2009•OES Emerges Nigeria's largest drilling services provider •Total rigs in fleet now five •Investment in energy services now $250 million Oando Energy Services, a subsidiary of Oando PLC - Nigeria's leading integrated energy ...
Shell set to open first cluster of hydrogen filling stations
Tuesday, July 14th, 2009Shell today opens its second hydrogen filling station in the greater New York City area. With a third due to open in the area later this month and one already ...
Shell begins production at Parque das Conchas (BC-10) offshore Brazil
Monday, July 13th, 2009Shell today started production at its multi-field Parque das Conchas project 110 kilometres off Brazil's south-east coast, where heavy oil resources lie beneath waters nearly two kilometres deep in the ...
Shell and Sovcomflot sign shipping co-operation agreements
Saturday, June 27th, 2009Including Arctic shipping for future Russian LNG projects Novo-Ogarevo, today, Open Joint Stock Company ‘Sovcomflot’ and Shell International Trading & Shipping Company Limited (Shell) signed a General Cooperation Agreement. The official ...
Oil News from around the web, Crude oil for August 2009 delivery traded at $68.86 a barrel, down $0.38. London Brent crude $68.37 a barrel, down $0.43
Wednesday, June 24th, 2009The oil output decline caused by the militant attack will directly reduce Nigeria's financial income and increase its deficit in budgets. In turn, Nigeria, a country mainly depending on oil ...
Oil News from around the web, US light sweet crude hit $70.32 per barrel $69.21 before sliding to $68.75. London Brent was at $68.60 a barrel
Tuesday, June 9th, 2009)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...
Shell settles Wiwa case with humanitarian gesture
Tuesday, June 9th, 2009Shell today agreed to settle a court case in New York related to allegations in connection with the Nigerian military government's execution of Ken Saro-Wiwa and others in 1995, making ...
Royal Dutch Shell plc announces new senior management structure
Thursday, May 28th, 2009Royal Dutch Shell plc (“Shell”) today announced a series of changes to senior management roles and responsibilities, aimed at sharper focus on operating performance and technology. The changes will be ...
Oil News from around the web, US crude rose 65 cents to $59.15 a barrel ; Nigeria petrol shortages
Tuesday, May 12th, 2009)))))))))US crude rose 65 cents to $59.15 a barrel. It earlier touched a new six-month high of $59.49 a barrel. London Brent crude rose $0.37 to $57.85. )))))))))))PetroChina views current low oil ...
African Oil and Gas Country Briefs
Thursday, April 16th, 2009Nigeria Oil and Gas Industry The Nigerian National Petroleum Corporation (NNPC) manages the state-owned oil industry. The NNPC holds 49% in the Nigeria Liquefied Natural Gas (NLNG) Company. Foreign Company Involvement: British ...
March 2009 strategy update: building new heartlands, managing recession challenges
Tuesday, March 17th, 2009As part of its annual review of strategy, Shell said it is continuing with plans to build new upstream and downstream capacity, while managing the near-term challenges of the global ...
